Precious metals

Precious metals are listed on commodities markets across the world. Precious metals such as gold (Au), silver (Ag), platinum (Pt) and palladium (Pd) can be bought and sold on the stock market. The values are set by the stock market on the basis of supply and demand.

RAIFFEISEN sells precious metals in the form of coins or ingots at the rate of the transaction date.

The main currencies

The main stock markets in the world quote precious metal prices per troy ounce* (symbol oz t), 1 kg-ingot or gram.

In Luxembourg, the ‘physical’ sale or purchase of gold coins or ingots is not subject to value added tax.
However, the physical sale or purchase of platinum, palladium and/or silver coins or ingots is liable for VAT (current rate 17 %).

You can deposit your precious metals with Banque Raiffeisen, which guarantees to:

Keep your precious metals in a safe place

Track listed prices daily using the fixing price

Send a quarterly securities deposit statement

Any questions?

We are here to answer your questions and can put you in contact with the right people depending on your requirements.